Sublime

In just the lobby area at the Sheraton Time Square hotel in New York during the Clinton Global Initiative, I met a Greek billionaire; I met Jimmy Wales, the founder of Wikipedia; I met a private equity executive, a startup entrepreneur, and Nobel Peace Prize winner Muhammad Yunus.

The Grand Complication reveals another fundamental characteristic of luxury goods: as price rises into the stratosphere, the number of units available also seems to disappear into ever-thinner air.